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Wondering What to Expect for Next Year's Social Security COLA? Here's What History Says Could Be Coming in 2026
Key PointsThe annual Social Security cost-of-living adjustment is based on inflation data from the Bureau of Labor Statistics.History says inflation will likely climb over the summer, leading into the months that count toward the COLA.Historical data suggests a range of possible outcomes.The $23,760...The Motley Fool
Wed, Jul 9
Commodities
TABLE-UAE's Fujairah oil inventory data for week ended July 7
July 9 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended July 7, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from t...Reuters
Wed, Jul 9
Stocks
Ray-Ban parent EssilorLuxottica up as Meta reportedly takes 3% stake
** Shares in glasses manufacturer EssilorLuxottica ESLX.PA rise 4.9% after a source told Reuters that Meta Platforms META.O has bought around 3% in the Ray-Ban parent** Meta bought a stake worth about 3 billion euros ($3.5 billion) in EssilorLuxottica at the current market price and is considering f...Reuters
Wed, Jul 9
Stocks
Exxon's Profit Took a $1.5 Billion Hit Last Quarter. Is the Oil Stock Still Worth Buying?
Key PointsExxon expects that its earnings will decline by $1.5 billion in the second quarter. The oil giant will likely still post industry-leading profitability. It expects its earnings to grow meaningfully by 2030, even if crude prices don't improve. 10 stocks we like better than ExxonMobil › Exxo...The Motley Fool
Wed, Jul 9
Other
Malaysia will not cross "red lines" in U.S. tariff negotiations, minister says
KUALA LUMPUR, July 9 (Reuters) - Malaysia will not cross certain "red lines" in its negotiations with the United States, its trade minister said on Wednesday, as the country continues talks with Washington to lower a 25% tariff imposed on its exports. Investment, Trade and Industry Minister ...Reuters
Wed, Jul 9
Commodities
Euro zone bond yields steady as Trump tariff deadline arrives
LONDON, July 9 (Reuters) - Euro zone government bond yields were little changed on Wednesday as investors took U.S. President Donald Trump's plans for additional import levies in their stride, on the day when his original 90-day tariff pause was due to expire.Trump broadened his trade war late o...Reuters
Wed, Jul 9
Stocks
Verizon's Days as a Dow Jones Industrial Average Component May Be Numbered: Here Are 3 Logical Candidates to Replace It
Key PointsInvestors have witnessed numerous changes to the Dow Jones since its inception in 1896.Verizon's low share price, which combined with the poor performance of its stock over the last decade, makes it a logical candidate to be removed from the index.Three brand-name businesses with high shar...The Motley Fool
Wed, Jul 9
Forex
EUR/GBP loses momentum below 0.8650 as traders brace for EU-US deal update
The EUR/GBP cross loses traction to around 0.8620 during the early European session on Wednesday. The Euro (EUR) softens against the Pound Sterling as renewed tariff threats from US President Donald Trump unsettle markets.
Fxstreet
Wed, Jul 9
Other
South Korea to follow previously agreed terms on defence cost sharing with US, Yonhap reports
SEOUL, July 9 (Reuters) - South Korea will follow the terms previously agreed with the United States on defence cost sharing, the Yonhap News Agency reported on Wednesday, citing a foreign ministry official. The comments were in response to U.S. President Donald Trump's recent remarks suggesting...Reuters
Wed, Jul 9
Other
TIMELINE-Key moments involving Israeli hostages held by Hamas in Gaza
July 9 (Reuters) - Israeli Prime Minister Benjamin Netanyahu discussed efforts to recover the 50 hostages remaining in Gaza, 20 of whom are believed to be alive, with U.S. President Donald Trump during a visit to Washington this week amid hopes of reaching a ceasefire deal to end the nearly two-year...Reuters
Wed, Jul 9
Stocks
Japan's Nikkei ends higher on weaker yen, profit-taking limits gains
By Junko Fujita TOKYO, July 9 (Reuters) - Japan's Nikkei share average closed higher on Wednesday, underpinned by a weaker yen, though gains were limited as investors sold stocks to book profits.The Nikkei .N225 rose 0.33% to 39,821.28, after swinging between marginal gains and losses during ...Reuters
Wed, Jul 9
Cryptocurrencies
Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing?
On-chain data shows the Binance Exchange Reserve has diverged between Bitcoin and the stablecoins. Here’s what this could mean for the market. Bitcoin & Stablecoin Exchange Reserves Have Decoupled On Binance In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in t...NewsBTC
Wed, Jul 9
Cryptocurrencies
Eigen Labs restructures workforce to focus on EigenCloud growth
Eigen Labs has laid off 29 employees, or 25% of its staff, in a large-scale restructuring that will focus its resources on EigenCloud as its lead developer platform. CEO Sreeram Kannan, in a statement on X, noted the move was part of a tighter strategy to create a verifiable cloud platform. The move was not […]Cryptopolitan
Wed, Jul 9
Cryptocurrencies
Bitcoin Breaking Out Of Descending Broadening Wedge – Can Bulls Push BTC To $144,000?
Over the past week, Bitcoin (BTC) has been seesawing within a narrow price range of $107,000 to $110,000, offering little clarity on the direction of its next major move. However, the latest technical analysis suggests that the flagship cryptocurrency may be on the verge of a breakout to the upside,...Bitcoinist
Wed, Jul 9
Other
Temasek's portfolio value hits record high; says US risks likely peaked
US remains largest foreign destination for Temasek's capital Temasek continues to believe in China's longer-term prospectsIncreased focus on investing in areas like infrastructure, AIBy Yantoultra Ngui SINGAPORE, July 9 (Reuters) - Singapore's state investor Temasek reported on Wednes...Reuters
Wed, Jul 9
Other
Singapore to cut time to set up bank accounts for family offices, ultra-wealthy
By Xinghui Kok SINGAPORE, July 9 (Reuters) - Singapore is shortening the time it takes for wealthy clients to open private bank accounts and get tax incentives for their family offices, a minister said on Wednesday.The moves are designed to keep Singapore attractive as a hub for the finances of t...Reuters
Wed, Jul 9
Stocks
Malaysia c.bank lowers key rate to 2.75%
KUALA LUMPUR, July 9 (Reuters) - Malaysia's central bank cut its benchmark interest rate MYINTR=ECI for the first time in five years on Wednesday, as it looks to support the economy amid a weaker growth outlook and rising uncertainty in global trade. Bank Negara Malaysia lowered its overnight p...Reuters
Wed, Jul 9
Other
RPT-Giorgio Armani Prive shows glittering black velvet on Paris runway
By Mimosa Spencer PARIS, July 8 (Reuters) - Giorgio Armani showed his latest Privé haute couture collection at the label's gilded Paris headquarters on Tuesday, displaying black velvet evening wear with shimmery touches on the runway - once again, without the Italian designer, who continues t...Reuters
Wed, Jul 9
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